Meat processor Tyson Foods has held talks about buying privately owned California-based Foster Farms for roughly $2 billion, people familiar with the situation tell CNBC.
The two sides are disagreeing over price, said these people, and it is possible the talks fall apart. If a deal is consummated, it is still at least several weeks away.
Shares of Tyson briefly dropped nearly 2 percent on news of the talks, but quickly rebounded to $61.64 a share, off less than 1 percent.
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